Magnum Berhad announced the resignation of Mr. Sigit Prasetya as Non Independent and Non Executive Director. Following the cessation of Asia 4D Holdings Limited and CVC Capital Partners Asia Pacific III L.P. (collectively CVC) as substantial shareholders of Magnum Berhad (Magnum) in December 2018, Mr. Sigit Prasetya as a representative of CVC on Magnum's Board of Directors, had tendered his resignation as a Non-Independent Non-Executive Director of the company with effect from January 17, 2019.